The world leader in farmed salmon Mowi will sue the Norwegian state after the adoption of a tax that applies to large producers in the sector, it announced on Wednesday. Following a government proposal, the Norwegian Parliament adopted a “resource rent tax” on 31 May aimed at making aquaculture groups pay for the occupation of public spaces – the fjords – for their exploitations at sea.
This tax, retroactive to January 1 and corresponding to 25% of profits, is added to that of companies (at a rate of 22% in Norway) and does not apply to smaller producers.
A tax considered “discriminatory”
“However, we have not given up on reversing the course of things. We intend to assert our interests through legal means,” he said in a press release on the occasion of the presentation of the quarterly results.
from the newspaper Verden GangIvan Vindheim specified that his group was going to attack the State before the Oslo court, alleging that this new tax is discriminatory against large producers and contrary to European standards. Driven by the high price of salmon, the Norwegian aquaculture sector has long shown strong profitability, but many development projects have been put on hold pending taxation clarification.
Since the beginning of the year, Mowi has obtained a net profit of 157.1 million euros compared to 556.6 million euros in the first half of last year.
Source: BFM TV
